The anonymous incubator space at 333 Parkland Plaza is about to get much bigger as the owners begin to move to a new building that is much, much larger.
"We will essentially be 10 times bigger than we are today," says Mark Smith, co-owner of 333 Parkland Plaza.
Smith never intended to end up in the small business incubator game. He ended up with his current building just off Jackson Road in the early 2000s when a bio-tech company he invested in went under. Smith recruited young biotech and medical device firms to fill it, offering an all-inclusive rental rate with professional and mentoring services aimed at helping those startups grow.
It worked. The building has been full for years, and Smith has had to turn away prospective tenants because there is no room at the incubator. His current client list includes Evigia
and AVAcore Technologies
, which take up all of the 7,500 square feet.
Now Smith and his partners are in the process of closing on and moving into another commercial space nearby. The transition should be done by the of the first quarter or early second quarter. The 75,000-square-foot facility will include thousands of square feet of dry and wet labs. Smith plans to build in a co-working space, and add to the services offered with the likes of human resources, 3D printing and CAD software. Smith is looking to hire four people to operate the new facility with jobs ranging from facility management to IT.
"We are starting at 10 (companies occupying space in the new facility)," Smith says.
Those include all of the other firms currently at 333 Parkland Plaza and a few more. Smith can now accept applications for space in his incubator with the idea of having enough room to accommodate the requests. Smith plans to keep the facility at 333 Parkland Plaza and currently has a tenant lined up to take over the entire space.
Source: Mark Smith, co-owner & manager of 333 Parkland Plaza
Writer: Jon Zemke